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(Reuters) - JetBlue Airways Corp pilots voted to reject a tentative agreement that would have given the airline contractual relief to implement its planned partnership with American Airlines Group Inc,, their union said in a statement on Tuesday.
FILE PHOTO: JetBlue Airways aircrafts are pictured at departure gates at John F. Kennedy International Airport in New York June 15, 2013. REUTERS/Fred Prouser
New York-based budget carrier JetBlue and international major American Airlines announced plans for a strategic tie-up in July to give them more muscle in the U.S. Northeast as the industry plots its recovery from the coronavirus pandemic.
JetBlue pilots reject tentative agreement for American Airlines partnership
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JetBlue pilots reject tentative agreement for American Airlines partnership
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(Bloomberg) American Airlines Group Inc. is weighing a return to the debt market as soon as March to help pay back loans from the U.S. government that have helped keep the company afloat through the pandemic.Goldman Sachs Group Inc., which last year helped United Airlines Holdings Inc. use its frequent-flier program to backstop new debt, is sounding out potential credit investors in a debt deal for American, according to people familiar with the matter. American, which backed a $7.5 billion U.S. Treasury loan with its frequent-flier program, is considering doing the same with its new debt, said the people, who asked not to be named because the matter is private. Terms are still fluid and could change, they said.American was in the first wave of carriers to tap billions of dollars in loans included in the $2 trillion Cares Act for economic relief from the pandemic. Goldman is in talks with investors for a $7 billion to $9 billion refinancing in the coming months for the Fort Worth, Te